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B D E F 1 Chapter 7: Applying Excel 2 3 Data 4 Manufacturing overhead 5 Selling and administrative overhead 6 $500,000 $300,000 7 8 Manufacturing overhead 9 Selling and administrative overhead 10 Total activity 11 Assembling Processing Supporting Units Orders Customers 50% 35% 5% 10% 45% 25% 1,000 250 100 units orders customers Other 10% 20% 13 OfficeMart orders: 14 Customers 1 customer 15 Orders 4 orders 16 Number of filing cabinets ordered in total 80 units 17 Selling price $595 18 Direct materials $180 19 Direct labor $50 20 21 Enter a formula into each of the cells marked with a ? below 22 Review Problem: Activity-Based Costing 23 24 Perform the first stage allocations Assembling Processing Supporting 25 Units Orders Customers 26 Manufacturing overhead ? ? ? 27 Selling and administrative overhead ? ? ? 28 Total cost ? 2 2 29 30 Compute the activity rates Chapter 7 Form Total Other ? ? ? ? ? ? 2 B D F 28 Total cost ? ? ? ? 29 30 Compute the activity rates 31 Activity Cost Pools Total Cost Total Activity Activity Rate 32 Assembling units ? ? units ? per unit 33 Processing orders ? ? orders ? per order 34 Supporting customers ? ? customers ? per customer 35 36 Compute the overhead cost attributable to the OfficeMart orders 37 Activity Cost Pools Activity Rate Activity ABC Cost 38 Assembling units ? per unit ? units ? 39 Processing orders ? per order ? orders ? 40 Supporting customers ? per custome ? customer ? 41 42 Determine the customer margin for the OfficeMart orders under Activity-Based Costing 43 Sales 44 Costs: 45 Direct materials ? 46 Direct labor ? 47 Unit-related overhead ? 48 Order-related overhead ? 49 Customer related overhead ? ? 50 Customer margin ? 51 52 Determine the product margin for the OfficeMart orders under a traditional cost system 53 Manufacturing overhead ? 54 Total activity ? units 55 Manufacturing overhead per unit ? per unit 56 57 Sales ? 58 Costs: 59 Direct materials ? 60 Direct labor ? 61 Manufacturing overhead ? 2 62 Traditional costing product margin ? 63 Chapter 7 Form Chapter 7: (Algo) Applying Excel: Exercise (Part 2 of 2) 2 Assume that OfficeMart places orders more frequently, but everything else remains the same. On your worksheet increase the number of orders from 4 to 9. (Prior to completing this requirement change all worksheet figures back to their original amounts.) B D E Chapter 7: Applying Excel 1 2 3 4 Data Manufacturing overhead Selling and administrative overhead $ $ 500,000 300.000 5 6 7 Other 8 Manufacturing overhead Selling and administrative overhead Total activity Assembling Units 50% 10% 1,000 units Processing Orders 35% 45% 250 orders Supporting Customers 5% 25% 100 customers 10% 20% 9 10 11 12 13 OfficeMart orders: Customers 14 Orders 15 Number of filing cabinets ordered in total 16 Selling price 17 Direct materials 18 Direct labor 19 1 customer 9 orders 80 units 595 180 50 S S $ (a) What is the customer margin under activity-based costing when the number of orders increases to 9? (Enter a loss as a negative amount.) Customer margin under activity-based costing $10.010 Saved Required information (b) What is the product margin under the traditional costing system when the number of orders Increases to 9? (Enter a loss as a negative amount.) Product margin under the traditional costing system sok (c) Which of the following statements are true? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) rences If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will decrease. la customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will decrease. If a customer orders more frequently, but orders the same total number of units over the course of a year the customer margin under activity based costing will be unaffected. If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will be unaffected 3. OfficeMart has found an error in its data. The percentage of selling and administrative overhead attributable to processing orders should be changed to 25% from 45% and the percentage attributable to supporting customers should be changed to 45% from 25% B D E A Chapter 7: Applying Excel 1 2 3 4 Data Manufacturing overhead Selling and administrative overhead $ $ 500.000 300.000 5 6 7 Assembling Unts Processing Orders Supporting Customers Other 111 3. OfficeMart has found an error in its data. The percentage of selling and administrative overhead attributable to processing orders should be changed to 25% from 45% and the percentage attributable to supporting customers should be changed to 45% from 25% B D 1 Chapter 7: Applying Excel 2 3 Data 4 Manufacturing overhead 5 Seling and administrative overhead $ 500.000 3 300,000 6 7 8 9 Manufacturing overhead Seling and administrative ovestead Totally Assembling Units 50% 10% 1000 Processing Supporting Orders stomers 35% 25% 250 100 orders customers Other 10% 20% 10 11 12 13 Office Martorders Customers 14 O 1 customer orders 30 units $ 15 Number of filing cabinets ordered in total 16 Selling rice 17 Direct material 18 Direct labor 19 8888 5 5 50 a) Based on now number of orders in Requirement 2. what is the customer margin under activity based on when the data are corrected? (Enter a loss as a negative amount.) Customer marginderactivased costing 22 121 Ne here to search ORI . 0 % (a) Based on new number of orders In Requirement 2 what is the customer margin under activity-based costing when the data are corrected? (Enter a loss as a negative amount.) Customer margin under activity-based costing (b) Based on new number of orders In Requirement 2 what is the product margin under the traditional costing system when the data are corrected? (Enter a loss as a negative amount.) Product margin under the traditional costing system (c) Which of the following statements are true about what happens when the percentage of selling and administrative overhead attributable to processing orders declines and the percentage of selling and administrative overhead attributable to supporting customers increases by the same amount? [You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) when the percentage of selling and administrative overnead attributable to processing orders decines and the percentage of selling and administrative overhead attributable to supporting customers increases by the same amount, costs are shifted from the processing orders cost pool to the supporting customers cost pool When the percentage of selling and administrative overhead attributable to processing orders declines and the percentage of selling and administrative overhead attributable to supporting customers increases by the same amount costs will be shifted from customers who order more frequently to those who orderless frequently when the percentage of selling and administrative overhead attributable to processing orders declines and the percentage of seting and administrative overhead attributable to supporting customers increases by the same amount the customer margins of those who order more frequently w Increase relative to the customer margins of those who orderless frequently
